Word: basic
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Dates: during 1930-1939
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...their obligations to pay the U. S.; 3) slash these obligations by reducing them to the same drastic extent that world prices have fallen; 4) accept Germany's payment of her slashed obligations chiefly in dividends from additionally created common stock of the German State Railways and other basic industries. In years when no dividend is paid, according to Sir Arthur, Germany would be automatically relieved to that extent...
Because Emperor Hirohito saw from the first the basic unwisdom of Japan's Shanghai adventure, Crown Prince Chi-chibu (a daring skier and steady-nerved huntsman) is 'not and never has been with his regiment at Shanghai. The chief sacrifice which Crown Prince Chichibu is called upon to make derives from the fact that his brother, Emperor Hirohito, has no manchild. Until the Sublime Emperor has a son (he has had four daughters) Japanese etiquet demands that Crown Prince Chichibu have no child whatsoever. Four years ago he married merry Setsuko Matsudaira who was schooled in Washington...
...power to enforce its regulations. The moral fibre of the American people seems hardly strong enough to prevent mulcting the public a la Jay Gould without drastic regulation. But the later effectiveness of the Interstate Commerce Commission points the way to a practical control of American economy. The basic industries of the nation do business on a nation-wide scale, and are subject to control by the federal government. Thus it has the power to establish a truly effectual regulation of the commerce, and to institute a measure of the economic order which is needed. It is too soon...
There was a central thought in the great conglomeration of Kreuger companies, although the very size of the enterprise made some conservative bankers keep away from it even before Depression. Making his fortune in matches, Ivar Kreuger decided to concentrate on basic industries with large, scattered consumption. His company had great cash resources and these had to be invested, kept fruitful. For this reason he bought control or made close affiliations with banks throughout the world, feeling that banks were in position to judge their countries' investment opportunities better than a foreign delegation of statisticians. They also could handle...
...many of the confusions existing in the course. But the real remedy lies with the section men. If the course is to become clear and unified they must cooperate, either by regular meetings to discuss their problems and work, or by some adherence to a general outline of the basic material of the course. In the past they have held meetings only to discuss examinations. This would restrict to some degree their individual work, but it would go far to dispel the inky murk which often settles over the novices who take the course...